Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 160.87

-3.1%

3:28 PM EST

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To: Maurice Winn who wrote (118954)	5/19/2002 11:37:13 AM
From: Wyätt Gwyön	Read Replies (1) of 152472

Research and development is also an expense, which tax people allow to be deducted from income immediately rather than calling it capital expenditure. But I consider R&D to be investment capital Maurice, i think this is a valid perspective. however, history has shown that returns on R&D eventually fall to the cost of capital. this is especially true in "crowded markets" like high tech.

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